Axyon AI appoints Adviser to focus on hedge fund offering
Axyon AI, an AI provider for the asset management industry, has appointed Giovanni Beliossi as an advisor to the business.
Beliossi joins Axyon with more than 25 years’ experience in the financial markets, including in advisory, investment and management roles within the alternative investment, hedge fund and derivative sectors. Giovanni will be focusing on Axyon AI’s offering for the hedge fund industry.
Axyon AI provides deep learning powered solutions that help asset managers deliver more efficient and innovative investment products. The company, founded by a team of engineers and physicists, includes UniCredit and ING Bank NV among its investors and operates in close partnership with the academic world and in particular with the renowned AI and computer sciences faculty at the University of Modena and Reggio Emilia.
Giovanni is currently Managing Director, Europe at Astarte Capital Partners, and was previously a Director and Senior Strategy Advisor to Auriel Capital, an ESG-focused investment manager, having previously researched and managed active systematic equity portfolios since the mid-1990s
Beliossi says: “This is a challenging time for the investment industry as managers seek new ways to add value. Hedge funds have felt the full force of the pandemic’s economic impact and in many cases their existing investment and risk management models have simply not been up to this challenging task. In an increasingly competitive environment, many now feel that they need to take fuller advantage of novel approaches and advances in alpha generation, portfolio management and risk control.
“Artificial Intelligence has the potential to provide a range of real and positive solutions for asset managers and Axyon AI is at the forefront of technology, broadening traders and portfolio managers’ access to unique and innovative insights to select and manage their investments. I look forward to working closely with them as they continue to demonstrate the powerful role that deep learning technology can play for investment management and the hedge fund sector.”
Daniele Grassi, CEO at Axyon AI, says: “Giovanni’s experience and deep knowledge of the hedge fund industry provides a unique insight into the challenges managers are facing today and why AI-powered technology is the answer.
“We are looking forward to working closely with Giovanni, drawing on his expertise and connections within the hedge fund sector to better serve this industry that is keen to adopt new technologies to meet their current challenges. We are incredibly lucky to have him collaborate with us.”